Press Release

EIZO Announces Mid-Term Business Plan:“Amplify Imaging Value”
Hakusan, Japan, May 11, 2021 – EIZO Corporation (TSE: 6737) today announced its 7thMid-Term Business Plan (FY2021 - FY2023), which defines a three-year business strategy
starting from FY2021, as follows.
1. Mid-Term Business Plan (FY2021 – FY2023)
Since EIZO’s founding in 1968, we have consistently evolved our unique business model with
"Imaging" at the core. As a Visual Technology Company, we will continue to evolve andpursue the value creation. In the 7th Mid-Term Business Plan, we will enhance the value of"Imaging" through Products & Systems, and expand our business field.
We will strengthen our Products, i.e. monitors, cameras, network encoders through thein-house development of EIZO’s own algorithms, AI, and other core technologies. In addition, toamplify the value of “Imaging”, EIZO will further develop our Systems business utilizing“Imaging Chain” consisting of our Products.
We call this Systems business "EIZO Visual Systems" (EVS). This will allow us to evolve ourbusiness model to the NEXT stage by strengthening Products through the addition of EVS,
while EVS grows alongside our Products offerings to provide amplified solutions to eachmarket.

No. DC21-004 1/3

Press Release

2. Financial Goals
Operating Income Margin: 15%
We aim to achieve a consolidated Net Sales target of 88.0 billion yen and an Operating Incometarget of 13.2 billion yen in FY2023.

FY2020 ActualAmusement(AMU)

14.4
Vertical
8.6&(JPY Billion) Specific
5.4
(V&S)

Net Sales

Creative Work(CW)

Operating
Income /Margin

Other

FY2023 PlanBusiness&Plus(B&P)

4.1 16.876.5

AMU
V&S

15.5
6.5

26.9Healthcare(HC)

JPY 7.9 Bil. / 10.4%

Other

B&P

8.5 3.0

18.0

88.0
36.5

CWHC

JPY 13.2 Bil. / 15.0%

3. Investment Plan
We will draw on our stable financial base, which is one of our major strengths, and aggressively
invest in areas of business growth to achieve our goals in the 7th Mid-Term Business Plan.
R&D Investments
 Enhance hardware and software developments with core technologies developed
in-house, including EIZO’s own algorithms, AI, edge computing, hi-fi video codecs,and next-generation devices
 Invest in substantial growth of EVS including enhanced application development
Capital Investments
 Advance Digital Transformation through IT infrastructure innovation for
manufacturing, R&D, sales, etc.
 Drive increased productivity throughout the whole process from R&D to production,and promote labor-saving, including reduction of manual labor Streamline logistics by consolidating bases to a newly constructed building
In addition, we will apply flexible investment to other areas (including M&A) as necessary tostrengthen our business model. We will continue to secure strategic inventory for stable supply,which is one of our key competitive strengths.

No. DC21-004 2/3

Press Release

4. Basic Policy on Profit Distribution to Shareholders
Returning profit to shareholders is a key management concern at EIZO Corporation, and wefollow a basic policy of stable dividend payment in line with corporate growth. We return profit
to shareholders on the basis of an overall consideration of securing retained profit for capital
investments and R&D expenditures required for business expansion, financial status, andfuture performance.
Our target shareholder return ratio is 40% to 50% of net income.
(Note) Any statements in this document, other than those of historical fact, areforward-looking statements about the future performance of EIZO and its group companies,
which are based on management’s assumptions and beliefs in light of information currently
available, and involve apparent or potential risks and uncertainties including forex impact, andrisks related to supply and demand. Actual results may differ materially from these forecasts.
Further details will be announced on the EIZO’s official website on May 25, 2021.
https://www.eizoglobal.com/ir/index.html

About EIZO
EIZO (TSE:6737), which means image in Japanese, is a visual technology company thatdevelops and manufactures high-end visual solutions to enrich people in their professional andpersonal lives. EIZO offers total imaging solutions with a range of monitors, software, video
capture, processing, and distribution solutions, cameras, and advanced integrated technologies,
to meet the specialized needs of customers in business, creative fields, healthcare, air traffic
control, maritime, security & surveillance, and more. Headquartered in Hakusan, Japan, EIZO
has R&D and manufacturing facilities in Japan, China, Germany, and the United States, andrepresentation in more than 100 countries.
EIZO and the EIZO Logo are registered trademarks of EIZO Corporation in Japan and other countries. All othercompany names, product names, and logos are trademarks or registered trademarks of their respective
companies.

No. DC21-004 3/3